NXP Semiconductors (NASDAQ:NXPI) Issues Q4 Earnings Guidance

NXP Semiconductors (NASDAQ:NXPI) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided earnings per share guidance of $2.93-3.33 for the period, compared to the consensus earnings per share estimate of $3.63. The company issued revenue guidance of $3.0-3.2 billion, compared to the consensus revenue estimate of $3.36 billion. NXP Semiconductors also updated its Q4 2024 guidance to 2.930-3.330 EPS.

NXP Semiconductors Trading Up 3.4 %

NXPI traded up $7.72 during midday trading on Wednesday, reaching $232.37. 1,180,614 shares of the company were exchanged, compared to its average volume of 2,280,569. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.21. NXP Semiconductors has a one year low of $178.19 and a one year high of $296.08. The stock has a market capitalization of $59.19 billion, a P/E ratio of 21.54, a PEG ratio of 2.59 and a beta of 1.49. The stock’s 50-day simple moving average is $236.74 and its 200 day simple moving average is $253.34.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The firm had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter last year, the business earned $3.31 earnings per share. The company’s revenue was down 5.4% compared to the same quarter last year. As a group, analysts forecast that NXP Semiconductors will post 11.94 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date was Thursday, September 12th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 37.94%.

Analysts Set New Price Targets

NXPI has been the topic of a number of research analyst reports. TD Cowen dropped their price target on NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. UBS Group raised NXP Semiconductors from a “neutral” rating to a “buy” rating and raised their price target for the stock from $275.00 to $285.00 in a research report on Monday, October 7th. Needham & Company LLC dropped their price target on NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating on the stock in a research report on Wednesday. Citigroup raised their price target on NXP Semiconductors from $150.00 to $220.00 and gave the stock a “sell” rating in a research report on Monday, July 15th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $270.00 price target on shares of NXP Semiconductors in a research report on Monday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, NXP Semiconductors has an average rating of “Moderate Buy” and a consensus price target of $280.10.

Insider Transactions at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction of $813,225.00. Following the completion of the transaction, the executive vice president now directly owns 30,269 shares in the company, valued at approximately $7,033,002.15. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.11% of the stock is currently owned by corporate insiders.

About NXP Semiconductors

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.